Fam Office Compensation?
Looking for advice from others that have worked in a family office environment. Have any of you been able to negotiate some sort of carry in your comp plan? I'm currently paid a pretty reasonable base and target bonus but I am starting to originate transactions and have positioned myself as an expert in a niche product type the family is making a big push into (I recently prevented the family from stepping on a $30mm landmine on a potential acquisition). The acquisitions team here is very small (<5). There is no formal criteria or process, just a thumbs up thumbs down from the family who are looking to be less involved in the day to day. What structures have you seen at family offices? What is a reasonable ask for somebody executing Director/VP level duties? Am I being unreasonable when I am irked at the lack of profit sharing on deals when I am a major contributor and the equity checks being written are 8 figures? I'm starting to think I will always be looked at as the help here.